India pharmaceuticals market expected to total revenues of US$16.1Bn in 2013

Due to its large population and substantial unmet medical needs, India represents a market with strong commercial opportunities for pharmaceutical firms. However, we highlight that the government is impeding the development of its pharmaceutical sector, mainly due to extensive bureaucracy and poor policy planning. Some of the issues affecting various subsectors in the industry include the regulation of clinical trials, pricing of patented and essential drugs, generally low government involvement in healthcare and foreign direct investments.

Pharmaceuticals: INR840.0bn (US$15.7bn) in 2012 to INR904.0bn (US$16.1bn) in 2013; +7.7% in local currency terms and +2.7% in US dollar terms. Forecast was slightly downgraded from Q413 due to a slowdown in the pharmaceutical industry.

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